Politics & Policies

A strong Euro | Is it only pride with prejudice ?

Why the Euro is kept too stong and is not at par with the U.S. $. Is it only a question of pride, with its immense prejudice in human terms ? By the way, just read this:

Roubini takes on the ECB | MacroScope

It was fun to watch. Nouriel Roubini, NYU economist and crisis personality, was one of just five carefully selected individuals at a large gathering in the International Monetary Fund HQ1 building’s towering atrium who actually got to ask questions of the policymakers on stage.

Roubini was characteristically biting in his critique of conventional orthodoxy, singling out the European Central Bank for not having done enough to stem the euro zone’s two-year financial crisis. He challenged the notion that the ECB is powerless to boost growth further, suggesting — to the clear discomfort of some policymakers in the room — that measures to weaken the currency could provide a badly-needed boost to exports …

Roubini was not alone in his critique either, with the ECB coming under pressure from the IMF itself to lower rates further.

ECB Vice President Vítor Constâncio responded by stressing the institution’s price stability mandate as well as the difficulties of synchronizing policy for a group of nations growing at different speeds..

Bank of France Governor Christian Noyer, who was hosting and moderating the event, had spoken about that very same subject earlier during the panel discussion. Like Constâncio, he argued markets should not expect central banks to shoulder too great a burden..

Source:

reuters.com

via Roubini takes on the ECB | MacroScope.

Discussion

2 thoughts on “A strong Euro | Is it only pride with prejudice ?

  1. Having read this I thought it was extremely informative. I
    appreciate you spending some time and effort to put this content
    together. I once again find myself spending way too much
    time both reading and leaving comments. But so what, it was still worth it!
    payday loans dayton ohio

    Posted by payday loans | July 8, 2012, 10:03 am

Trackbacks/Pingbacks

  1. Pingback: At The Root Of the Global Job Gap | Finance and economic growth delinked « Global Job Gap, Local Skills Gap - April 28, 2012

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Jobs – Offres d’emploi – US & Canada (Eng. & Fr.)

The Most Popular Job Search Tools

Even More Objectives Statements to customize

Cover Letters – Tools, Tips and Free Cover Letter Templates for Microsoft Office

Follow Job Market Monitor on WordPress.com

Enter your email address to follow this blog and receive notifications of new posts by email.

Follow Job Market Monitor via Twitter

Categories

Archives

%d bloggers like this: